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Aug 27, 2009
08/09
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sean: bush ponce's last deficit was 455 million. -- bush's last deficit. then he said that unemployment go above 8%. now the estimates from six he is off by two trillion dollars. >> how are you going overboard with this? how are you miscalculating this much? according to them, things are worse than they anticipate a. even the person who runs the omb, this is a catastrophic deal with thisto somehow. sean: right now, under barack obama, washington will spend $31,000 per household. only take in 17,000 and borrow the other 14,000. how do you spend that much money when you don't have that money? aw do you do this and remain society?t was born during the depression. if he could not afford it, you not do. you just played and now you rip pants printer with your your pants. -- you just played it and now pants.ked your do this to your legs. it was a conservative family. i know some people that will buy a candy bar with a credit card. with the problem we have now i canre left to buy what afford rather than what i want, what a novel idea. sean: there was something the
sean: bush ponce's last deficit was 455 million. -- bush's last deficit. then he said that unemployment go above 8%. now the estimates from six he is off by two trillion dollars. >> how are you going overboard with this? how are you miscalculating this much? according to them, things are worse than they anticipate a. even the person who runs the omb, this is a catastrophic deal with thisto somehow. sean: right now, under barack obama, washington will spend $31,000 per household. only take...
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Jul 17, 2009
07/09
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things like the deficit will be addressed. now, this health care hike is going for the deficit, too. who is to stop them from saying -- >> what the speaker is also saying is, let's squeeze the savings we cannot of the health care system first. let's find a way -- find the waste and inefficiency. if that pays for health care, that is correct. i think there will be revenue needed. if the revenue overshoots the target, let's paid on the deficit. the clinton deficit reduction plan created 23 million new jobs. i would like to do that again. neil: i am just saying that was not the original intent. the rules are changing a little bit. you are comfortable with that. >> the intent is to grow the economy. neil: how is paying $700 million that just cropped up today -- i'm not saying you are allowing this, but this is what happens. remember the lock box for social security? only social security money would be used for social security. it is a good concept. both parties rated that fund for other purposes. >> the money in the bill you're ta
things like the deficit will be addressed. now, this health care hike is going for the deficit, too. who is to stop them from saying -- >> what the speaker is also saying is, let's squeeze the savings we cannot of the health care system first. let's find a way -- find the waste and inefficiency. if that pays for health care, that is correct. i think there will be revenue needed. if the revenue overshoots the target, let's paid on the deficit. the clinton deficit reduction plan created 23...
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Aug 5, 2010
08/10
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we know we've got a large budget deficit and deficits that have to be dealt with. you got to start making some of those tangable cuts. if you can't cut 2%, how are are we going to make the big decisions to bring this deficit into control? >> neil: trying to do what -- if you want to be serious about this, this guy put his neck on the line to challenge his speaker, challenge his majority leader. both parties left you hanging. that's not right. congressman, thank you very much. >> pleasure to be with you, thank you. >> neil: by now you have heard about the nun killed by the illegal immigrant who was drunk driving. did you notice what is missing from all the coverage? >> neil: more than 3,000 of you had a chance to hop up to yourworld website to answer the poll question: is it worth it for nancy to bring the troops to vote on this 26 billion dollar stimulus measure? overwhelming you are saying no. 99% are saying no. one guy is saying what the heck, i just want to be different. we'll keep you posted. over 3,000 of you voting thus far. >> to virginia later today a wake
we know we've got a large budget deficit and deficits that have to be dealt with. you got to start making some of those tangable cuts. if you can't cut 2%, how are are we going to make the big decisions to bring this deficit into control? >> neil: trying to do what -- if you want to be serious about this, this guy put his neck on the line to challenge his speaker, challenge his majority leader. both parties left you hanging. that's not right. congressman, thank you very much. >>...
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Feb 15, 2011
02/11
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. >> you can say that again, no machete ahead, the deficit has never been bigger we are looking at $1.65 trillion if red ink but instead taking the machete to intimes the president is breaking out the scan pal -- scalpel by using smaller font on document to save paper and our republican illinois congressman says that this is not quite cutting it. welcome to the program. good to have you. >> good to be here. >> obviously, we have to at some point tackle entitlements. the president is not doing it. but, also, the republicans have not done it. where are you? why aren't you out there with your plan to cut the entitlements? >>guest: obviously, mandatory spending is two thirds of the budget, and taking a cut in discretionary spending and a continuing resolution is a good thing but we will have to look at entitlements and we will see that, this year. our leadership is saying that, we will see that in our proposal which comes out soon but here is the deal, if my race, you saw over a million spent against me taking words that i have said completely out of context and trying to stare -- to scare s
. >> you can say that again, no machete ahead, the deficit has never been bigger we are looking at $1.65 trillion if red ink but instead taking the machete to intimes the president is breaking out the scan pal -- scalpel by using smaller font on document to save paper and our republican illinois congressman says that this is not quite cutting it. welcome to the program. good to have you. >> good to be here. >> obviously, we have to at some point tackle entitlements. the...
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Feb 12, 2013
02/13
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that said, you know, one has to wonder about deficit and debt. how much the president is going to focus on that. to hear the house speaker say he doesn't think the president has the guts to do that, to challenge his own party on that, that was something. >> this is a very confident president. he is re-elect and feels the opponents are divided and the country is behind him. the question tonight is how much does he feel he has to compromise to get a deal? how much does he want a deal? how much does he think his legacy runs through a grand bargain with the republicans? i mean i would argue what he wants to make real investments in infrastructure and education and clean energy and manufacturing, which is he going to call for tonight, but if he wants to make them substantial he has to get the fiscal problem solved to free up revenue to do that and get some growth. we will find out a lot tonight. does he still want to demand concessions from the republicans? because he thinks he can do it again the way he did it in the debt ceiling deal? or does he thi
that said, you know, one has to wonder about deficit and debt. how much the president is going to focus on that. to hear the house speaker say he doesn't think the president has the guts to do that, to challenge his own party on that, that was something. >> this is a very confident president. he is re-elect and feels the opponents are divided and the country is behind him. the question tonight is how much does he feel he has to compromise to get a deal? how much does he want a deal? how...
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Feb 13, 2013
02/13
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in particular, deficit. when barack obama said it was not going to add a dime to have deficit there is a positive reaction among republicans and democrats. let's take a look at that clip. >> nothing i'm proposed tonight should increase our deficit by a dime. it is not a bigger government we need but a smarter government that sets priorities and invests in broad-based growth. that is what we should be looking for. >> there were rare moments when republicans and democrats azbreed i want to ask one question. do you believe him that his policies will not add to the deficit? do you believe it?. >> no. no. >> why don't you believe it?. >> look at the deficit. it keeps growing spiralling out of control continuing to grow. i don't see evidence it's going the other way. >> he made a commitment it won't go up. >> he's got to come up with it. >> he said $3,000 for people to refinance their homes we'd get a tax break for that. but he didn't tell us where it's going to come from. >> i believe he is believing what he want
in particular, deficit. when barack obama said it was not going to add a dime to have deficit there is a positive reaction among republicans and democrats. let's take a look at that clip. >> nothing i'm proposed tonight should increase our deficit by a dime. it is not a bigger government we need but a smarter government that sets priorities and invests in broad-based growth. that is what we should be looking for. >> there were rare moments when republicans and democrats azbreed i...
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Dec 12, 2009
12/09
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brenda: i heard her say deficit. i'm surprised at that. >> up until the last 60 years, the way we have built america in prosperity was to borrow money from asian cultures like china, take that money and spend $250,000 a job. that old fashioned thing where private businesses invested their own capital, that is so 20th century r i couldn't agree with you more. >> i'm talking about investing in small business and giving back through tax credits what small businesses put into the economy. >> to eric's point, i'm small businessperson. i do where i think there is opportunity. what i would not do is for a $3,000 tax credit hire somebody that will cost 70 thousand bucks a year or pay their healthcare. we're going to fire the people and then hire them back, that's how we build prosperity. brenda: history shows us that government spending really does work, doesn't it? >> oh yeah. we have always been able to spend our way out of a recession or depression. i mean, look at f. six years after he started the new deal, he brought un
brenda: i heard her say deficit. i'm surprised at that. >> up until the last 60 years, the way we have built america in prosperity was to borrow money from asian cultures like china, take that money and spend $250,000 a job. that old fashioned thing where private businesses invested their own capital, that is so 20th century r i couldn't agree with you more. >> i'm talking about investing in small business and giving back through tax credits what small businesses put into the...
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Feb 25, 2010
02/10
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the referee said the bills before us reduce the deficit, the federal government's deficit, by over $100 billion in the first ten years. the congressional budget office, the referee, not political parties, the referee, said that these bills reduce the deficit in the succeeded years after the first ten years by over a trillion dollars. the discussion makes it clear, it wasn't easy. there are going to be some savings out of medicare. what we do do it make the point as we reduce the deficit, we're not going to put the the onus, the burden on seniors, we're asking the providers to stop overutilizing or overspending in services so we don't see someone having four different x-rays for chest pain. and so what we're tying to do is figure out ways to deduce the cost without impacting benefits. in fact that's how in these two bills that the senate and house passed we were able to close the doughnut hole for prescription drugs for medicare and extract over $100 billion in savings. mr. president i would say the thing that i would love to get into the details of in terms of the deficit reductions mad
the referee said the bills before us reduce the deficit, the federal government's deficit, by over $100 billion in the first ten years. the congressional budget office, the referee, not political parties, the referee, said that these bills reduce the deficit in the succeeded years after the first ten years by over a trillion dollars. the discussion makes it clear, it wasn't easy. there are going to be some savings out of medicare. what we do do it make the point as we reduce the deficit, we're...
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Aug 15, 2010
08/10
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and we'll talk with new jersey governor closing his state's deficit without raising taxes. and they said it couldn't be done. plus this, city manager is set to take a pension worth tens of millions of dollars. and californians wonder why they have a huge deficit. welcome to the "journal editorial report". the house passed and president obama sign aid bill extending program enacted in last year's economic stimulus to help cash strapped states avoid layoffs giving $10 billion for education programs and $16 billion to help cover their medicaid budget. and in voting for the bill said this is a bill biter pill to swallow. you can imagine for me, personally this is like "sof ease choice "later made into a movey. a story of a mother forced to choose between her two children. it has come to this. and congress comparing spending cuts to the nazies. joining the panel this week, "wall street journal" columnist dan henningger and editorial member matt caminski. democrats passed the bill they wanted to pass. why are they so upset? it turns out a ballooning federal government bumps up ag
and we'll talk with new jersey governor closing his state's deficit without raising taxes. and they said it couldn't be done. plus this, city manager is set to take a pension worth tens of millions of dollars. and californians wonder why they have a huge deficit. welcome to the "journal editorial report". the house passed and president obama sign aid bill extending program enacted in last year's economic stimulus to help cash strapped states avoid layoffs giving $10 billion for...
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Aug 14, 2010
08/10
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and california's wondering why they have such a huge deficit. welcome to the journal, editorial report. i'm paul giggo, the house passed president obama's fine that programs enacted in last year's stimulus passage that would give states 10 billion dollars for education programs and 16 billion to help cover the medicaid budgets in the first six months of next year. democratic congress woman rosa delaura of connecticut in voting for the bill said this is a bitter pill to swallow. as you can imagine for me personally, it's like sophie's choice. you may remember that later made into a movie starring meryl streep. a mother forced by the nazis to choose between her two children. >> the congress comparing spending cuts to the nazis. and joining the panel this week, wall street journal columnist and deputy editor dan ettinger. kim extrstrassel. >> the democrats got what they and passed the pill they want today pass. why are they upset? >> they're upset because it turning out even a ballooning federal government bumps up against its limit and in this cas
and california's wondering why they have such a huge deficit. welcome to the journal, editorial report. i'm paul giggo, the house passed president obama's fine that programs enacted in last year's stimulus passage that would give states 10 billion dollars for education programs and 16 billion to help cover the medicaid budgets in the first six months of next year. democratic congress woman rosa delaura of connecticut in voting for the bill said this is a bitter pill to swallow. as you can...
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Feb 18, 2010
02/10
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make steps towards curtailing the deficit. still, needing to be talked about is social security and medicare reform. those under funded liabilities. so huge they could block out the sun she are so gigantic. >> greta: here's what i don't understand. people say they are pulling out of this recession one of the markers people look at the stock market seems to be doing well. the problem is there's still so many people unemployed. the people who have money who can put it in the market, they may be happy. it is the other people that -- i mean, i guess i'm having a hard time understanding why we don't measure the recession by the unemployed more and instead focus on the success of the market? >> good point. when people see their 401(k)'s looking better than they did in those armageddon days fall of 2008. they feel better, but you are right 15 million people still out of work how do you get those people into a fulltime job are -- you will notice that the government will no longer talk about stimulus 2.0 they call it a jobs creation bi
make steps towards curtailing the deficit. still, needing to be talked about is social security and medicare reform. those under funded liabilities. so huge they could block out the sun she are so gigantic. >> greta: here's what i don't understand. people say they are pulling out of this recession one of the markers people look at the stock market seems to be doing well. the problem is there's still so many people unemployed. the people who have money who can put it in the market, they...
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Nov 11, 2010
11/10
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>> i'm sure she is for deficit reform. more reason -- >> sean: a conservative who stabbed in the back by her liberal husband. >> it's not "x" rated. retract that. >> sean: it's r-plus. text to vote time. which federal benefits and programs would you support cuts to? text us -- 36288. and h1, social security. h2, medicare. and h-3, federal salaries. we have the results at the end of the program. straight ahead, more "hannity." >> as the international tour continues, the anointed one rips israel in the muslim world. still no answers on the mystery objects spotted off the coast of california. but we have a new theory of our own. >> thank you joining -- thank you -- >> they never let me do it. >> plus outtakes from my interview with former president george w. bush. much more "hannity" straight ahead. it's our honeymoon. but we've parted wa with our old airline credit card that promid flights for 25,000 miles. it was always... [ laughing ] that seat's not happening without a big mileupcharge. a miles upcharge wasn't part of the
>> i'm sure she is for deficit reform. more reason -- >> sean: a conservative who stabbed in the back by her liberal husband. >> it's not "x" rated. retract that. >> sean: it's r-plus. text to vote time. which federal benefits and programs would you support cuts to? text us -- 36288. and h1, social security. h2, medicare. and h-3, federal salaries. we have the results at the end of the program. straight ahead, more "hannity." >> as the...
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Jul 31, 2010
07/10
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long term deficits being projected. even 25 billion may not even make a dent if the states don't come up with their own plans. that's true. i think the feds should bail out states. most of the deficits caused by medicaid overrun. you can bail them out but got to tie strings to it everybody has to budget. teenage kids given allowance and invariably blow it. every time the states get into trouble, they have got to have some sort of a fiscal discipline to get out. now, in this case i think the feds should take help bail them out. but they should tie strings to it so that going forward they are fiscally responsible. >> wayne, you hit the nail on the head. states have amassed huge deficits. not because of the police, not because of the courts. not because of the proper functions of government. it's because of entitlement programs. that's where all this money is going. in california. illinois and california are amongst the top credits likely to default. it's not the police force that put them in a that position it was union a
long term deficits being projected. even 25 billion may not even make a dent if the states don't come up with their own plans. that's true. i think the feds should bail out states. most of the deficits caused by medicaid overrun. you can bail them out but got to tie strings to it everybody has to budget. teenage kids given allowance and invariably blow it. every time the states get into trouble, they have got to have some sort of a fiscal discipline to get out. now, in this case i think the...
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Oct 22, 2010
10/10
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>>guest: of the hysteria that does not recognize the best way to reduce the deficit is to put americans pack to -- back do work. >>neil: they should have had you do the ad because that is a good point but i will say to ignore the bigger friends going on here, fewer people paying in, more people getting benefits, half the people paying taxes, these are big trends. i am not casting aspersions either way but i am saying both sides better come together and address this and to make light of the urgency makes light of the crisis. >>guest: if you actually go to our website you will see we are very focused on the long term budget picture which is all about runaway health care costs and the ten year deficit. >>neil: you are making light of people who are not making light of this who find this serious, who find this not a joke, who find this urgent anyone to address, who find this is bad drend. oceaning it is serious for -- >>guest: it is serious for the 15 million americans out of work, and you can say one thing about the long term deficit picture and debt but we need to focus right now every le
>>guest: of the hysteria that does not recognize the best way to reduce the deficit is to put americans pack to -- back do work. >>neil: they should have had you do the ad because that is a good point but i will say to ignore the bigger friends going on here, fewer people paying in, more people getting benefits, half the people paying taxes, these are big trends. i am not casting aspersions either way but i am saying both sides better come together and address this and to make light...
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Aug 15, 2009
08/09
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we have to reduce our deficit. first i want everybody to understand the source of our deficit. if you don't understand that and my argument would make sense. when i walked into the white house, i had giftwrapped waiting for me at the door, a $1.3 trillion deficit. $1.3 trillion. now i just want to -- i just want to -- i say that -- this was not -- and this is not, by the way, entirely the previous administrations fault. the financial crisis was so bad that revenues plummeted, and all this money was spent in making sure that the banking system did not completely collapse. so all the actions of intake, the bank bailout, the auto bill, all that stuff but it's like the deficit, but the problem actually is not -- the extraordinary steps that we've taken over these last one or two years. the real problem is much longer. even if we had no fiscal crisis whatsoever, we have a structural deficit. we're spending more money than we're taking in. we have been doing it for the last eight years. when we passed the prescription drug benefit for medicare, by a republican congress, they didn't p
we have to reduce our deficit. first i want everybody to understand the source of our deficit. if you don't understand that and my argument would make sense. when i walked into the white house, i had giftwrapped waiting for me at the door, a $1.3 trillion deficit. $1.3 trillion. now i just want to -- i just want to -- i say that -- this was not -- and this is not, by the way, entirely the previous administrations fault. the financial crisis was so bad that revenues plummeted, and all this money...
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Feb 14, 2011
02/11
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if he cut his deficit in haste's still larger than the deficit for the president before. why would we want to settle for that? we need to have a fundamental change. megyn: mike emanuel is live at the white house. we have a debt at $14 trillion. the president's plan is to cut $1.1 trillion over 10 years? report right. bottom line, president obama said this is about making tough choices and sacrifices, though presumably a lot of the sacrifices about be made after our economy is doing better. the 2012 fiscal budget was delivered earlier this morning. it does not deal with the entitlement problem. budget officials say cutting spending and deficits will require putting political differences aside and working together. the idea is setting up a blue print of cutting the deficit. the president visited a middle school in obama today. base said the -- middle stool in baltimore -- a middle school in baltimore. earlier president obama laid out his thinking on the budget. >> the only way we can make these investments in our future is if our government starts living within its means an
if he cut his deficit in haste's still larger than the deficit for the president before. why would we want to settle for that? we need to have a fundamental change. megyn: mike emanuel is live at the white house. we have a debt at $14 trillion. the president's plan is to cut $1.1 trillion over 10 years? report right. bottom line, president obama said this is about making tough choices and sacrifices, though presumably a lot of the sacrifices about be made after our economy is doing better. the...
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Feb 13, 2013
02/13
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adds a dime to deficit. >> only way to do it, not add one dime to the deficit. >> it doesn't add a dime to the deficit. >> with that, bring in the panel. jonah goldberg of national review online. juan williams, columnist with the hill and sindcated columnist charles krauthammer. jonah, your thoughts on this post "state of the union." we didn't hear your thoughts last night. >> i think that there is a reason why first of all this was the lowest viewed, lowest rating "state of the union" in 14 years. people are turned off by politics. all of this talk about the liberal ascendancy and liberals in charge. republicans in disarray. the two most emotional pitches he made were for gun control and immigration reform. on gun control, all he is asking for is a vote. he just wants a vote. on immigration, which is our issue the only way to get it across is if he doesn't get it involved. in a lot of ways the "state of the union" was a tacit position of how weak his position is right now. there were stolen bases and intellectually silly things from the minimum wage stuff on down. but ultimately, it wa
adds a dime to deficit. >> only way to do it, not add one dime to the deficit. >> it doesn't add a dime to the deficit. >> with that, bring in the panel. jonah goldberg of national review online. juan williams, columnist with the hill and sindcated columnist charles krauthammer. jonah, your thoughts on this post "state of the union." we didn't hear your thoughts last night. >> i think that there is a reason why first of all this was the lowest viewed, lowest...
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Feb 7, 2010
02/10
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the gop taking the president to task on jobs on the growing deficit. >> democrat spending is it little wonder that job growth is lagging in our economy? >> julie: plus, the tea party movement going mainstream. holding its first ever national convention and gaining national attention. >> if they wasn't saying something bad about us it wouldn't be good they are scared. >> they are on the frontlines. >> julie: first, apocalypse now record setting blizzard not done yet. this mega storm across several states impacting tens of millions. travel into and around affected areas nearly impossible by ground or air snow measured in feet not inches from washington, d.c. through the mid atlantic. 9 nation's capital shutdown. it is white-out there. national treasures buried under mounds of snow. america's command -- commander in chief running into a couple of weather snags. more on that in a moment. the snow falling so fast road crews couldn't keep up. accidents rampant. the storm generating hazards like ice and wind hundreds of thousands of people as a result losing power. team coverage of this mega
the gop taking the president to task on jobs on the growing deficit. >> democrat spending is it little wonder that job growth is lagging in our economy? >> julie: plus, the tea party movement going mainstream. holding its first ever national convention and gaining national attention. >> if they wasn't saying something bad about us it wouldn't be good they are scared. >> they are on the frontlines. >> julie: first, apocalypse now record setting blizzard not done...
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Mar 31, 2011
03/11
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unyou employment, real estate and deficit reduction. those are the legs of the stool that we have to address. i'm frankly disgusted with our politicians because they are not addressing those three issues. >> neil: thank you. the former ubs chairman and ceo. great guy. very smart guy. all right. riots, surge in oil prices, the president of shell oil speaking out on sort of what joe was just speaking about how frustrating this environment is. in his case, the holdup on drilling in the golf. he is on with me at 6:00 p.m. on fbn. he could appear anywhere else and he wanted to go on fox business network. watch that less than two hours from now. to the shutdown showdown. there is a deal, didn't a deal. whatever the deal. the tea party telling congress here is the deal. if you don't deliver on big cuts we don't deliver on big votes. what is the guy who started all of this saying about this. >> it is time to pick a fight. >> neil: what is he saying now? republican congressman mike pence is next. >> thank you for coming out today. nine years and
unyou employment, real estate and deficit reduction. those are the legs of the stool that we have to address. i'm frankly disgusted with our politicians because they are not addressing those three issues. >> neil: thank you. the former ubs chairman and ceo. great guy. very smart guy. all right. riots, surge in oil prices, the president of shell oil speaking out on sort of what joe was just speaking about how frustrating this environment is. in his case, the holdup on drilling in the golf....
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Feb 14, 2011
02/11
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most of that deficit and the long-term deficit is being driven by health care costs, medicare and medicaid and now obamacare. when we could not pay for medicare and medicaid, which we can't under the country system, adding more medical care that is paid for by the government ridiculous, like say youing have a house, you cannot make the house payment sow will buy a car. you would not do that. it doesn't make any sense and this doesn't, either. >> republican congressman campbell from california, we appreciate you joining us. >> the president's budget ignoring his own deficit commission's suggestions. and new report that hosni mubarak is hoarding billions and europe is calling to go after them. why aren't we? well, i made you a reservation at the sushi plce around the corner. well, in that case, i better get bk to these invoices... whh i'll do right after making your favorite pancakes. you know what? i'm going to tidy up your side of the office. i can't hear you because i'm also making you a smoothie. [ male announcer ] marriott hotels & resorts knows it's better for xerox to automate their g
most of that deficit and the long-term deficit is being driven by health care costs, medicare and medicaid and now obamacare. when we could not pay for medicare and medicaid, which we can't under the country system, adding more medical care that is paid for by the government ridiculous, like say youing have a house, you cannot make the house payment sow will buy a car. you would not do that. it doesn't make any sense and this doesn't, either. >> republican congressman campbell from...
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Sep 13, 2011
09/11
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when the committee began the effort last week, many lawmakers made clear super deficits are so large they should do more. >> if we do more then we will be able to get our fiscal house in order much more quickly than otherwise might. >> if we don't take significant steps our government will only fund medicaid, medicare, social security and the interest of our national debt. >> reporter: cutting future deficits will be harder and more plicated because the -- complicated because the president is dipping in the accounts that the committee had its eyes on. including one with bipartisan support and trimming tax deductions. >> we have to be fair, about include revenues, not just spending. ill's also revenues. >> when huge iconic american corporations can pay little or no income taxes that's indefensible. >> members of both parties were on board but the republicans hope to do what the bowles-simpson committee did, use some of the money for deficit reduction and some to lower tax rate. >> we recommended 92% of the money to reduce rate and 8% of the money to reduce deficit. >> reporter: by red
when the committee began the effort last week, many lawmakers made clear super deficits are so large they should do more. >> if we do more then we will be able to get our fiscal house in order much more quickly than otherwise might. >> if we don't take significant steps our government will only fund medicaid, medicare, social security and the interest of our national debt. >> reporter: cutting future deficits will be harder and more plicated because the -- complicated because...
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Nov 21, 2009
11/09
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, according to the c.b.o., rather than somehow help the budget deficit. but, oh, ok! we don't know how we're going to pay for this money but it doesn't matter. we just pushed it off to the side. >> it blew up in their faces a few weeks ago. charlie: and people are saying that's why the a.m.a. backed the bill. ok. the pricetag promised to the american public seems like a farce. dagen's made a great point. the numbers added up. plus we're going to pay taxes on this before it even kicks in. so realistically it's a five-year plan. don't you think honesty should play a role no malter what? malt -- no matter what? >> it's not at all unusual for a corporation to raise money for a project that they intend to invest heavily down the road. does the pricetag often go up down the road on that capital project be it a steel mill or an automobile factory? absolutely. charlie: but, ben, how often in the private sector does the pricetag go up 700%? >> well, the difference in the analogy which adam seems to be missing is the private sector borrows the money and invested in
, according to the c.b.o., rather than somehow help the budget deficit. but, oh, ok! we don't know how we're going to pay for this money but it doesn't matter. we just pushed it off to the side. >> it blew up in their faces a few weeks ago. charlie: and people are saying that's why the a.m.a. backed the bill. ok. the pricetag promised to the american public seems like a farce. dagen's made a great point. the numbers added up. plus we're going to pay taxes on this before it even kicks in....
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Mar 5, 2010
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now says the deficits this decade will total $9.8 trillion. they blame a lot of that on tax revenues that will not be nearly as robust as the administration predicted for the same period. reaction from the guy you said, the c.b.o., douglas hopesbeacon. what do you make of this? >> bad news for administration but especially bad news for country. if you look at the c.b.o.'s unbiased look at the president proposal, the deficit never gets under $1 trillion. over $10 trillion in ten years. public debt gets up to $23 trillion, double what it is now. this is just a sea of red ink. a pretty bleak report. >> neil: all right. now what changed, though? in the middle of the healthcare and it will save us $100 million over ten years. now in the scheme of things it looks like relative chump change. >> $100 billion is one-month deficit. it isn't a significant attack on problems that we have. this is going to require wholesale re-evaluation of the line of business the government is in and those it needs to get out of. why are we on the hook for fannie mae, fr
now says the deficits this decade will total $9.8 trillion. they blame a lot of that on tax revenues that will not be nearly as robust as the administration predicted for the same period. reaction from the guy you said, the c.b.o., douglas hopesbeacon. what do you make of this? >> bad news for administration but especially bad news for country. if you look at the c.b.o.'s unbiased look at the president proposal, the deficit never gets under $1 trillion. over $10 trillion in ten years....
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Nov 10, 2010
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you have to do something about the debt and deficit. you are going to have a commission to report something, even if it's not a 14 out of 18 vote for a unified proposal. they are going to report on december 1. >> talk about the debt xis coming september 1. what is the hope there, steve? is there a hope? >> very little. there are reasons to be optimistic. for the first time if years, maybe decades, we're having the conversation. there are people, not many, paul ryan, jeff flake, mitch daniels, willing to talk about it in a straightforward and forth right way. you ask mitch daniels on "fox news sunday" what should we do about it? it usually results in the helping and haw -- hemming and hawing. this is a serious question. daniels say we need to consider raising the retirement age. boom. >> bret: or means testing. >> right. you have the politicians, people in office willing to actually have that discussion for many years, what is called a third rail of american politics. i think it is to a certain extent, but you have him talking about it.
you have to do something about the debt and deficit. you are going to have a commission to report something, even if it's not a 14 out of 18 vote for a unified proposal. they are going to report on december 1. >> talk about the debt xis coming september 1. what is the hope there, steve? is there a hope? >> very little. there are reasons to be optimistic. for the first time if years, maybe decades, we're having the conversation. there are people, not many, paul ryan, jeff flake,...
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Jul 25, 2009
07/09
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but look, $10 trillion is what the deficits add up to over the coming years. we can't argue this one out by saying which piece of the spending is better than which other piece. we need to schrenk all of it. david: is there anything in the stimulus bill you would consider to be wasteful? >> anything in the stimulus bill? >> yes. >> i thought the entire wall street bailout was wasteful, and that isn't part of the stimulus. but i think that anything that has come up, you know, that was specifically for financial engineering has been wasteful. i do agree, i think we've talked on this program about horses and things like that. yeah, sure. we can all nitpick. but the point is you really just need 5% of g.d.p. spent to move the economy, and all the little nits don't really matter. >> mike, name one big stimulus bill in history that's revived the economy and put it on a sustained path to growth. ought a the new deal, the new deal. >> inquiring minds want to know. >> i give it all to f.d.r. and the new deal. david: but mike, even the treasury secretary of f.d.r., at th
but look, $10 trillion is what the deficits add up to over the coming years. we can't argue this one out by saying which piece of the spending is better than which other piece. we need to schrenk all of it. david: is there anything in the stimulus bill you would consider to be wasteful? >> anything in the stimulus bill? >> yes. >> i thought the entire wall street bailout was wasteful, and that isn't part of the stimulus. but i think that anything that has come up, you know,...
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Feb 19, 2011
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this deficit is due to cutting corporate liabilities further why don't they get that back up before they pick on people whose average wage, with benefits $75,000 is among the lowest of any job requirement graduate degree? >> emac, we have teachers breaking the law by walking out. democratic legislators running to other states so they don't have to foot on this. there's a lot of nincompoops in this whole thing. >> raising taxes by 24 last year, government union workers lobbied for tax spending and increase, property tax hikes, sales tax, income tax hikes to cover their compensation for pension plans that bernie madoff got arrested for, promising 8 to 10% a year. nobody can expect that any more. you can't expect every year annual stock returns of 8 to 10%, quentin you know that is not reasonable. [ talking over each other ] >> let me finish. mr. interruptor extraordinaire. i attended a conversation last fall clinton administration officials said a bailout could come in the form of a temporary treasury loan through the banking system. >> neil, it could happen what we see in wisconsin, we ma
this deficit is due to cutting corporate liabilities further why don't they get that back up before they pick on people whose average wage, with benefits $75,000 is among the lowest of any job requirement graduate degree? >> emac, we have teachers breaking the law by walking out. democratic legislators running to other states so they don't have to foot on this. there's a lot of nincompoops in this whole thing. >> raising taxes by 24 last year, government union workers lobbied for...
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Nov 16, 2009
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. >> this can't add to our deficit. it's got to be deficit neutral glenn: this one is going to make sense. but this one, they have a problem with. this is like, i don't know how many millions of words. this one in the second amendment has ten words and people can't figure that one out. but this one is definitely going to be deficit neutral. how exactly do you do that? deficit neutral. oh, i remember. they're going to pay with this for this with savings. well, this sounds like i got a bridge for you over in brooklyn i want to -- you know what i'm saying? but i want to be fair to the president so this morning at 7 owe chock i got our researcher -- at 7:00 o'clock i got our researchers on the times that the government has successfully saved money, and here is the -- we couldn't fine anything. we did find this cool arrow. that's t i'm one of those old-fashioned people that do the crazy whacky thing called saving. now, i think you're doing that more and more, as things are going on, because you're seeing that it doesn't make
. >> this can't add to our deficit. it's got to be deficit neutral glenn: this one is going to make sense. but this one, they have a problem with. this is like, i don't know how many millions of words. this one in the second amendment has ten words and people can't figure that one out. but this one is definitely going to be deficit neutral. how exactly do you do that? deficit neutral. oh, i remember. they're going to pay with this for this with savings. well, this sounds like i got a...
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Mar 6, 2011
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the government has this huge deficit problem. if the federal reserve starts printing money to finance the deficit problem, that's when you get an argentina-like inflationary spiral. >> stuart: fighting words argentina-like spiral. >> obviously no one thinks triple digits. the point is it star to raise expectations. when you raise expectations the market starts to become more aggressive about buying today what they thought cash what -- what they would rather buy tomorrow. stew steve moore the left is urging on the printing press. -- >> stuart: self moore the left is urging on the printing press. >> a lot of people don't know what qe, kwan dayive easing what the federal -- kwan dayive ease wag the federal reserve has been doing, printing money then useing that money to buy the government's debt. the left hand of the government is issuing the debt and the right hand the federal reserving -- the federal reserve is buying the debt. if interest rates start to rise as inflation rises because two things move in tandem. what impact will t
the government has this huge deficit problem. if the federal reserve starts printing money to finance the deficit problem, that's when you get an argentina-like inflationary spiral. >> stuart: fighting words argentina-like spiral. >> obviously no one thinks triple digits. the point is it star to raise expectations. when you raise expectations the market starts to become more aggressive about buying today what they thought cash what -- what they would rather buy tomorrow. stew steve...
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Aug 3, 2009
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right now, bret, the economy is number one and the deficits are number two. that's the box they are n if you deal with deficits, you might drag down the economy and you can't afford to do it. >> the original stimulus package was a trillion dollars out the window. because of it, obama has lost a lot of leverage having spent that money with almost nothing to show. everybody is skeptical about all the other spending he is going to do and he has key ate add deficit of his own making that will cripple all his other ideas an plans. bret: there are some lawmakers saying just abandon the rest of the stimulus plan. >> that is a good proposal. i can't imagine that they would seriously think about it, but they have spent, estimates vary, but roughly 10% of that right now. it has not proven to be stimulative. who knows what will happen, but there are vines that the economy is now -- there are signs that the economy is in eafer ry or on its way to recovery r so what is the point? you could save another $700 billion. you wouldn't have to raise taxes. good idea. >> absolute
right now, bret, the economy is number one and the deficits are number two. that's the box they are n if you deal with deficits, you might drag down the economy and you can't afford to do it. >> the original stimulus package was a trillion dollars out the window. because of it, obama has lost a lot of leverage having spent that money with almost nothing to show. everybody is skeptical about all the other spending he is going to do and he has key ate add deficit of his own making that will...
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Feb 11, 2013
02/13
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that is 4% of the deficit. we will endanger the national defenses and short change the service men and women overseas for the sake of cutting 4% from the deficit? it is totally irresponsible. >> bill is right that you captain have massive tax reform in just 60 days. it took ronald reagan and tip o'neill and bill bradley a bipartisan bill in 1986, 20 montes to do it. there is things like nascar track owners and wind energy producer and port rehe can rum manufacturers that would more than offset the defense cuts that would be devastating. >> bill wants the president to bail out republicans who made the sequestration deal. >> i want the president to bail out the military. >> but he wants to. >> he is commander in chief. maybe you are not aware of that. >> he is saying let's have a temporary deal to avoid sequestration and republicans are saying no, we have got to protect the rich oil companies and gas companies and we can't do it. >> chris: i will call a little bit of a change here and congressman cotton i want to
that is 4% of the deficit. we will endanger the national defenses and short change the service men and women overseas for the sake of cutting 4% from the deficit? it is totally irresponsible. >> bill is right that you captain have massive tax reform in just 60 days. it took ronald reagan and tip o'neill and bill bradley a bipartisan bill in 1986, 20 montes to do it. there is things like nascar track owners and wind energy producer and port rehe can rum manufacturers that would more than...
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Feb 25, 2010
02/10
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it will blow the deficit and years forward. i know you haven't had a chance to wrap your arms around all of this yet, but any early thoughts? s>> i believe it totally -- hell, this is bigger than healthcare. this is the engine coming down the track of the entit entitlement, the whole thing where you get to be a certain age and regardless of your net worth or income you're entitled -- entitled to money from the federal treasury. this is absurd. social security. everything we tried to do the last ten years didn't affect anybody over 55. now, hear that, neil. where do i get the letters? get the nastiest letters from 70 and 80 to-year-old people in gated communities give megaa rag job about social security. not one proposal. where are people, are they listening? listening to horror stories. that is a sad thing when off situation where social security, 16 people paying in and one taking out, when i was a kid. now there are three people paying in and one taking out. 20 years, two people paying. how long do you think a guy is sitting
it will blow the deficit and years forward. i know you haven't had a chance to wrap your arms around all of this yet, but any early thoughts? s>> i believe it totally -- hell, this is bigger than healthcare. this is the engine coming down the track of the entit entitlement, the whole thing where you get to be a certain age and regardless of your net worth or income you're entitled -- entitled to money from the federal treasury. this is absurd. social security. everything we tried to do...
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Jan 7, 2011
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, not reducing it. >> so much for cutting the deficit. on the first day on the job, republicans are already spending trillions more than they plan to cut. republicans want to give millionaires a tax break and the new rules say there is no need to cut spending to pay for it. >> republicans long argued taxing people less should not have to be offset but democrats don't insist on that either. when they voted for the tax cuts just signed by the president they trumpeted the middle class tax cuts and didn't try to pay for them, though they're try times as wealthy. democrats want to make a different point today. >> there was a lot ofoopla about how they're changing things. >> people think we're afraid of cutting $100 billion, they have another thing coming. this is the beginning. >> republicans reaffirm the determination to cut spending as much as possible, etch as the obama administration sent official request to congress to raise the debt limit. a letter from tim geithner warns reaching the debt limit would mean treasury would be prevented by
, not reducing it. >> so much for cutting the deficit. on the first day on the job, republicans are already spending trillions more than they plan to cut. republicans want to give millionaires a tax break and the new rules say there is no need to cut spending to pay for it. >> republicans long argued taxing people less should not have to be offset but democrats don't insist on that either. when they voted for the tax cuts just signed by the president they trumpeted the middle class...
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Jul 1, 2010
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it will help the deficit situation. it's pretty clear in the last eight years, the bush tax cuts for the wealthiest in america did nothing to promote growth. >> stuart: you're itching to go. >> the economy didn't collapse because rich people stopped paying mortgages. you take the six quarters before the bush tax cuts, gdp up, after the next 6, up, across the board, we lost a quarter of a million jobs and gained 300,000, all within the six quarters before and after. if you want to go further out, there was one study that says millionaires from 2003 to 2006, their tax burden went up to 274 billion-dollar from $137 billion. a will the of people benefited from the bush tax cuts, including this country. i think it was obvious in jobs, gdp and tax receipts to the treasury. >> the speaker's premises is if you raise taxes on the rich, you lower the deficit, also, by cutting taxes on the rich, we inaccuracied the dest. you re-elect both. >> absolutely. the problem is the deficit problem began in the last couple years and had not
it will help the deficit situation. it's pretty clear in the last eight years, the bush tax cuts for the wealthiest in america did nothing to promote growth. >> stuart: you're itching to go. >> the economy didn't collapse because rich people stopped paying mortgages. you take the six quarters before the bush tax cuts, gdp up, after the next 6, up, across the board, we lost a quarter of a million jobs and gained 300,000, all within the six quarters before and after. if you want to go...
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Jan 27, 2011
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the cbo estimates that the federal deficit will jump to 1.5 trillion this year. where is your money going? is anything being done to wipe out america's debt? the wall street journal list sara murray joins us. how did we reach this all-time high? >> it is not just one thing we have a lot going on. we have this huge recession and its aftermath. rising government spending and deals like this latest tax cut package all contributing to our huge deficit. >> greta: let's talk about the extension of the tax cuts. i think that's the politicians' big lie. if our employment level and the politicians are stewards of our economy they've been controlling the sec, the "wall street journal", the federal reserve, everything. if they had been good stewards of our economy and our employment level were 5 1/2% there would be lots of money flowing into the treasury so there would be lots of revenue and the deficit wouldn't be so high. i'm not too convinced that it is the extension of the tax cuts. i look at it more like why didn't the politicians do their jobs for the last five, six,
the cbo estimates that the federal deficit will jump to 1.5 trillion this year. where is your money going? is anything being done to wipe out america's debt? the wall street journal list sara murray joins us. how did we reach this all-time high? >> it is not just one thing we have a lot going on. we have this huge recession and its aftermath. rising government spending and deals like this latest tax cut package all contributing to our huge deficit. >> greta: let's talk about the...
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Aug 4, 2009
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geithner and summers on sunday said the way to deal with the deficit is by raising taxes. no. restrain spending. don't be passing all those omnibus spending bills, etc., etc. sean: nice thought. make cutting taxes can stimulate economic growth but i'm out of touch in the age of socialism and redistribution. karl, thank you. >> thank you. sean: are you out of a job? you may want to call president obama. looks like some jobs are up for sale in his administration. that story coming up. sean: tonight on hannity's mesh, with the unemployment rate soaring the white house has decided to do its part. sort of. harper's magazine is reporting that if you want to be an ambassador in the obama administration it will cost you roughly $500,000 in political contributions. ambassadors are being installed now worldwide and some are so controversial some countries, like germany, are even refusing to sign off on them for the job. and with the universal nightmare looming, new polling data is showing that most americans are actually happy with their health care coverage and want democrats to back o
geithner and summers on sunday said the way to deal with the deficit is by raising taxes. no. restrain spending. don't be passing all those omnibus spending bills, etc., etc. sean: nice thought. make cutting taxes can stimulate economic growth but i'm out of touch in the age of socialism and redistribution. karl, thank you. >> thank you. sean: are you out of a job? you may want to call president obama. looks like some jobs are up for sale in his administration. that story coming up. sean:...
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Dec 30, 2010
12/10
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later some of the -- ballooning deficit. later some of the best from on the record this year. ♪ ♪ [ male announcer ] they've been tested, built and driven like no other and now they're being offered like no other. come to the winter event and get an exceptional offer on the mercedes-benz of your dreams. it our way of showing a little holiday spirit. and stay connected with three years of mbrace service complimentary. ♪ >> dana: congress and the white house might want to tune in for this segment. is there a right way and wrong way to balance a budget? according to our next guest there is? our next guest has done an analysis specifically centers on the question of whether raising taxes or cutting spend something more effective. kevin hasset studies at aei and joins us. tell us about your study. >> we looked at something that economists rarely looks at to see what works. they've gathered by the campfire, sung kumbaya and we went back to the last 37 years after people said they are going to do it which succeeded. if the u.
later some of the -- ballooning deficit. later some of the best from on the record this year. ♪ ♪ [ male announcer ] they've been tested, built and driven like no other and now they're being offered like no other. come to the winter event and get an exceptional offer on the mercedes-benz of your dreams. it our way of showing a little holiday spirit. and stay connected with three years of mbrace service complimentary. ♪ >> dana: congress and the white house might want to tune in for...
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Dec 23, 2009
12/09
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is still projecting a cut in the deficit. >> it reduces the deficit by $132 billion. that's the last statement from the c.b.o. addressing the deficit. >> but republicans argue can't do that and protect medicare, that, in effect you can only use money you put in your some savis account if you haven't already spent it. the republicans hope to use the c.b.o. to remind democrats that there is no way they said they would support anything that increased the deficits, as did president obama. bret: notice that senators lieberman, nelson, lincoln and landrieu were not in the big democratic news conference. >> that is correct, although one of them's spokesman said it was just a staff mix-up. bret: i'm sure. jim, thank you. we will have a special edition of "special report" thursday morning to cover the historic vote. please join us at 6:55 a.m. eastern. set your alarms. it has been a relatively quiet day for president obama. he gave two interviews almost entirely on healthcare reform. let's get details from major garrett. good evening, major. >> good evening, bret. the presiden
is still projecting a cut in the deficit. >> it reduces the deficit by $132 billion. that's the last statement from the c.b.o. addressing the deficit. >> but republicans argue can't do that and protect medicare, that, in effect you can only use money you put in your some savis account if you haven't already spent it. the republicans hope to use the c.b.o. to remind democrats that there is no way they said they would support anything that increased the deficits, as did president...
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Jul 19, 2010
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deficits and debt. they want to begin to see men and women in washington, d.c., begin to make the hard choices. >> president obama teeing up a big vote in the senate tomorrow. another effort to extend jobless benefits. republicans saying congress should demand that it be paid for, the $34 billion to extend benefits and they point to other extensions in the past. for example, back in november, an extension that was described by president obama this way. >> fully paid for and so it's fiscally responsible. >> so, what about the politics of jobless benefits? that's where we begin with the panel. bill kristol, mort kondracke, and charles krauthammer. what do you think, bill? >> amazing that the president made the appeal and the workers laid off, hostage to the washington politics. it's time to do the right thing. not for the next election, but the middle class. think about that. he is implying that it's better to do for the next election is not extend the unemployment benefit. republicans are playing politic
deficits and debt. they want to begin to see men and women in washington, d.c., begin to make the hard choices. >> president obama teeing up a big vote in the senate tomorrow. another effort to extend jobless benefits. republicans saying congress should demand that it be paid for, the $34 billion to extend benefits and they point to other extensions in the past. for example, back in november, an extension that was described by president obama this way. >> fully paid for and so it's...
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Sep 10, 2009
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says add to the deficit? >> the c.b.o. is the ultimate arbiter whether something adds to the deficit or not. >> if nancy pelosi's a leader of the start-over caucus, i am going to march proudly behind her. i think that's exactly what she shiewd do. this is gimmickry. charles is right. they're saying whatever they need to say right now, because they feel desperate. they feel they need to have some accomplishment, which we talked about on this panel for months now. there needs to be something they can say. there needs to be something they can campaign on. i think they are now actually in real jeopardy of not having that, and i think they're feeling it, and this is one of the reasons they're basically saying whatever they can say to please whatever constituency. >> i think that the area in the speech that was the most avoidance specifics was the how you pay for it part. he said i'm not going to sign it unless it doesn't add to the deficit and he said tax the gold plated plans which he will level on the insurance companies. bre
says add to the deficit? >> the c.b.o. is the ultimate arbiter whether something adds to the deficit or not. >> if nancy pelosi's a leader of the start-over caucus, i am going to march proudly behind her. i think that's exactly what she shiewd do. this is gimmickry. charles is right. they're saying whatever they need to say right now, because they feel desperate. they feel they need to have some accomplishment, which we talked about on this panel for months now. there needs to be...
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Aug 4, 2009
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they were saying on sunday that we need to do with the deficit. we have to raise taxes to do that. do not pass the stimulus bills and health care bills. sean: that would be a nice thought. i think the american people are not undertaxed. i am a little out of touch in the age of socialism and redistribution. thanks. coming up -- are you out of a job? you may want to call president obama. some jobs may be up for sale in his administration. that is coming up. (announcer) this is nine generations of the world's most revered luxury sedan. this is a history of over 50,000 crash-tested cars... this is the world record for longevity and endurance. and one of the most technologically advanced automobiles on the planet. this is the 9th generation e-class. this is mercedes-benz. sean: tonight on hannity's mesh, with the unemployment rate soaring the white house has decided to do its part. sort of. harper's magazine is reporting that if you want to be an ambassador in the obama administration it will cost you roughly $500,000 in political contributions. ambassadors are being installed now world
they were saying on sunday that we need to do with the deficit. we have to raise taxes to do that. do not pass the stimulus bills and health care bills. sean: that would be a nice thought. i think the american people are not undertaxed. i am a little out of touch in the age of socialism and redistribution. thanks. coming up -- are you out of a job? you may want to call president obama. some jobs may be up for sale in his administration. that is coming up. (announcer) this is nine generations of...